I use the Griot's yellow waffle-weave towel. I've been using it since 2003 and I have never had any issues with streaking.
Do you use any type of spray-on wax? Maybe the towel is absorbing the wax and the wax is preventing the towel from absorbing the water. I use Griot's Spray-On wax and I have no problems. I'm sure if I used a "tougher" spray-on wax, the towel would get "clogged."
The only thing I do to make my waffle-weave towel perform it's best is to do a final rinse with a stream of water. The less surface water, the better the towel performs.
My towel actually performs poorly when it is loaded with water as it smears it around.